-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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1) Public sector employees should never be allowed to accumulate that many sick days to begin with.
2) Unused sick days should not count towards tenure or as time served.
3) Employers should be required to pay out accumulated sick days at the end of every fiscal year and allow a minimum carryover.
4) Employees shouldn’t be able to cash in sick days earned in 1987 on a $20,000 salary under their $90,000 upon retirement.
Who are you to make bold assertions like this? Who do you think you are!
You aren’t in Springfield, and your worthless opinions don’t matter! Go find somebody who cares, maybe they’re across the border, and don’t let the door hit your butt on the way out.
I disagree. This is a forum for opinions. “Those who stand for nothing will fall for anything.”